Shop in South Buckinghamshire, Hammer Properties managed to get the Valuation Office to agree a reduction from £33,750 – £30,250. In real terms this means the following saving will apply excluding any transitional relief (*) given by the local authority.
Year/Rate | £33,750 | £30,250 | Saving |
2010-11 41.4% | £13,972.50 | £12,523.50 | £1,449.00 |
2011-12 43.3% | £14,613.75 | £13,098.25 | £1,515.50 |
2012-13 45.8% | £15,457.50 | £13,854.50 | £1,603.00 |
2013-14 47.1% | £15,896.25 | £14,247.75 | £1,648.50 |
2014-15 (average 48.0%) | £16,200.00 | £14,520.00 | £1,680.00 |
2015-16 (average 49.0%) | £16,537.50 | £14,822.50 | £1,715.00 |
2016-17 (average 50.0%) | £16,875.00 | £15,125.00 | £1,750.00 |
TOTAL | £109,552.50 | £98,191.50 | £11,361.00 |
This has only been agreed today so has not yet been listed on the Valuation Office website. We will keep you posted when it is updated.
(*) What is Transitional Relief? See the following link: https://hammerproperties.wordpress.com/2013/12/04/what-is-transit/
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